Rising unemployment, layoffs, and economic turmoil make many young people in China disillusioned and bored with their work. The competition is so fierce that some say they have given up on their dreams and aspirations.
Crystal Guo, a 30-year-old woman, said she usually works for about six months to 1 year and then takes a break.
She added that she was fired twice in less than a year. Guo was first laid off in July 2021 while working at a private education company. After half a year, she returned to work for a real estate company. However, all employees of the company were fired shortly after.
Now, she uses her spare time to take part-time jobs that help cover daily expenses.
Jia Miao, associate professor of sociology from Shanghai New York University, said that this year is much harder for young people to find work.
Doris Fu, 39 years old marketing consultant in Shanghai, emphasizes cutting spending and saving money. She is one of many Chinese people in their 20s and 30s towards such a lifestyle.
Many are also confused by the post-pandemic economic disruptions in China, the unemployment rate, and the plunging trend of the property market. They share with each other how to save and live frugally to get through the economic downturn.
China is also facing a new graduate student record. Beijing expects the number of university graduates to reach 11.58 million in 2023, an increase of 820,000 from this year.
According to Mao Yufei, there are still pressures and challenges to employment for those graduating in 2023, and they will have to go through a lengthy job search cycle.